PJT Partners (PJT) Operating Margin (2014 - 2026)

PJT Partners (PJT) posted quarterly Operating Margin of 17.96% for Q1 2026, up 430.0% year-over-year from 3.39% in Q1 2025, and down 9.2% on a QoQ basis from 19.78% in Q4 2025.

PJT Partners (PJT) Operating Margin (2014 - 2026) Analysis & Trends

PJT Partners (PJT) has reported Operating Margin for 13 consecutive years, with 17.96% the latest figure, recorded in Q1 2026.

  • In Q1 2026, Operating Margin rose 430.0% year-over-year to 17.96%; the TTM figure through Mar 2026 stood at 18.46% (up 184.0% YoY), while the FY2025 annual figure was 4.24%, down 1258.0% from the prior year.
  • Operating Margin came in at 17.96% for Q1 2026 at PJT Partners, down from 19.78% in the prior quarter.
  • The five-year high for Operating Margin was 20.92% in Q4 2024, with the low at 11.44% in Q1 2023.
  • Average Operating Margin over 5 years is 16.02%, with a median of 16.22% recorded in 2023.
  • Across the five-year window, Operating Margin tumbled 577 bps in 2023 and jumped 523 bps in 2025, its largest moves.
  • Year by year, Operating Margin stood at 18.62% in 2022, then declined by 13 bps to 16.22% in 2023, then gained by 29 bps to 20.92% in 2024, then fell by 5 bps to 19.78% in 2025, then fell by 9 bps to 17.96% in 2026.
  • According to Business Quant data, Operating Margin over the past three periods registered 17.96%, 19.78%, and 18.27% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - -
2 Goldman Sachs 309.79 Bn -627.76 Bn - -
3 Schwab Charles 167.21 Bn 122.24 Bn - -
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn 149.71%
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 28.49%
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - -
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 46.50%
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 108.11%
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn -161.28%
10 PJT Partners 59.27 Mn 407.49 Mn 412.92 Mn 17.96%

Historic Data

Download Data
DateValue
Mar 31, 2026 17.96%
Dec 31, 2025 19.78%
Sep 30, 2025 18.27%
Jun 30, 2025 17.52%
Mar 31, 2025 13.66%
Dec 31, 2024 20.92%
Sep 30, 2024 13.03%
Jun 30, 2024 16.82%
Mar 31, 2024 14.06%
Dec 31, 2023 16.22%
Sep 30, 2023 12.76%
Jun 30, 2023 13.20%
Mar 31, 2023 11.44%
Dec 31, 2022 18.62%
Sep 30, 2022 14.91%
Jun 30, 2022 15.88%
Mar 31, 2022 17.21%
Dec 31, 2021 21.78%
Sep 30, 2021 17.74%
Jun 30, 2021 18.97%